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Nonprofits, Governement Enitities Wearing Their Own SOX

Nonprofits, Governement Enitities Wearing Their Own SOX

by Rick Turoczy on July 7, 2006

Four years after its enactment, the Sarbanes-Oxley (SOX) accounting reform law, designed primarily for public company reporting, is having major impact on the nonprofit sector and on state and local governments.

“Sarbanes-Oxley’s impact has been far broader than its supporters intended or envisioned,” James K. Gentry, a professor and former dean of the School of Journalism and Mass Communications at the University of Kansas, writes in a posting on the businessjournalism.org Web site. The impact has been especially pronounced on nonprofits.

Nonprofits, Governement Enitities Wearing Their Own SOX

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